American Century Companies Inc. Has $28.55 Million Stock Holdings in Pathward Financial, Inc. (NASDAQ:CASH)

American Century Companies Inc. increased its position in Pathward Financial, Inc. (NASDAQ:CASH) by 20.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 504,708 shares of the savings and loans company’s stock after purchasing an additional 85,566 shares during the quarter. American Century Companies Inc.’s holdings in Pathward Financial were worth $28,551,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CASH. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Pathward Financial in the first quarter valued at approximately $17,819,000. Mawer Investment Management Ltd. acquired a new stake in Pathward Financial during the 2nd quarter valued at $12,376,000. Grizzlyrock Capital LLC bought a new position in Pathward Financial during the fourth quarter worth $10,237,000. F M Investments LLC acquired a new position in shares of Pathward Financial in the second quarter valued at $10,784,000. Finally, Greenwich Investment Management Inc. acquired a new position in shares of Pathward Financial in the fourth quarter valued at $6,861,000. Institutional investors own 92.66% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CASH. Piper Sandler lifted their target price on shares of Pathward Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods raised their price objective on shares of Pathward Financial from $58.00 to $67.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th.

Insider Buying and Selling at Pathward Financial

In related news, President Anthony M. Sharett sold 3,100 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $66.40, for a total transaction of $205,840.00. Following the completion of the sale, the president now directly owns 30,046 shares in the company, valued at approximately $1,995,054.40. The sale was disclosed in a filing with the SEC, which is available through this link. In other Pathward Financial news, President Anthony M. Sharett sold 3,100 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $66.40, for a total transaction of $205,840.00. Following the completion of the transaction, the president now owns 30,046 shares of the company’s stock, valued at $1,995,054.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Douglas J. Hajek sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $64.91, for a total transaction of $129,820.00. Following the completion of the sale, the director now owns 19,531 shares in the company, valued at $1,267,757.21. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

Pathward Financial Stock Performance

Shares of NASDAQ CASH opened at $67.78 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.73 and a quick ratio of 0.72. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 10.18 and a beta of 0.68. The stock’s fifty day moving average price is $65.06 and its two-hundred day moving average price is $56.84. Pathward Financial, Inc. has a one year low of $41.79 and a one year high of $69.63.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings results on Wednesday, July 24th. The savings and loans company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.11. Pathward Financial had a net margin of 22.10% and a return on equity of 23.59%. The company had revenue of $176.73 million during the quarter, compared to the consensus estimate of $176.63 million. During the same period in the previous year, the business earned $1.76 earnings per share. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities analysts forecast that Pathward Financial, Inc. will post 6.87 EPS for the current year.

Pathward Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.30%. The ex-dividend date is Tuesday, September 10th. Pathward Financial’s payout ratio is presently 3.00%.

Pathward Financial Profile

Pathward Financial, Inc operates as the bank holding company for Pathward, National Association that provides various banking products and services in the United States. The company operates through three segments: Consumer, Commercial, and Corporate Services/Other. It offers demand deposit accounts, savings accounts, and money market savings accounts.